XRP Price Expected to Start Rallying Between $10 and $20
Crypto analyst BarriC predicts an XRP price rally to between $10 and $20 as a preliminary stage, with aspirations for the altcoin to eventually reach $1,000. He believes that the current price of around $2 indicates that banks are not yet utilizing XRP.
XRP Price Projections
- BarriC expects XRP to reclaim $3, followed by a rapid rise to $5.
- The next targets are double digits ($10-$20) and ultimately $100 and $1,000.
- He references a previous bull cycle where XRP surged from $0.006 to $3.80 to support his projections.
- Adoption by banks and financial institutions is seen as a key factor for the expected price surge.
Current Market Analysis
- Analyst CasiTrades notes XRP is nearing key resistance at $2.69, which aligns with a .236 Fib retracement level.
- Continued price increases despite low momentum indicate strong demand and accumulation.
- A break above $2.69 could lead to further gains towards $3, while failure to hold this level might result in a dip towards $2.30.
- Currently, XRP is trading at approximately $2.50, showing a nearly 5% increase in the last 24 hours.
